South Korea to probe 580 financial institutions over data leaks
Over 4,70,000 data records leaked from 37 companies in the last month
By Capital Kranti desk, Gandhinagar · Editor: Parth Thakkar
5 November 2026, 7:41 pm · 1 min read
This story was written by AI from the sources listed below; every claim and number in it was checked against them before it went up. How we check
South Korea's financial regulator, the Financial Services Commission (FSC), has launched an investigation into 580 financial institutions. Following continuous instances of data leaks affecting the country's financial sector and government agencies, authorities have pledged to strengthen cybersecurity measures.
The FSC announced on Thursday that over 4,70,000 data records have been leaked from 37 companies in the last month. According to a report by Yonhap News, the FSC provided details of these incidents during a meeting with officials from financial trade associations and government agencies. The meeting aimed to review data protection systems and the capabilities of artificial intelligence in the financial sector.
Following these incidents, the Financial Services Commission has warned banks not to ignore known security risks and insecure practices.
Where this story comes from
Spotted a mistake? Tell usConstruction of China's nuclear-powered Type 004 aircraft carrier accelerated
Likely to be launched by the year 2027, it could become the world's largest carrier.
Elon Musk removes post supporting Republicans after defeat in US midterm elections
Discussions intensified over Musk removing the post, having spent over ₹4,400 crore in the election campaign.
Iran issues stern warning: Strait of Hormuz will only be opened if seven conditions are met
Seven demands have been placed before America, and if they are not met, nuclear negotiations will remain suspended.